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City of Armadale

Housing valuation

At June 2017, City of Armadale had a median house valuation of $400,102, $116,189 lower than the median house valuation for Greater Perth.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2013-2017, Housing Valuation System

Housing values
City of Armadale20172013Change
Housing value (at June)City of ArmadaleGreater PerthCity of Armadale relative to Greater PerthCity of ArmadaleGreater PerthCity of Armadale relative to Greater Perth2013 to 2017
House--------------
First Quartile$306,467$407,134-24.7%$305,958$417,169-26.7%+$509
Median$400,102$516,291-22.5%$384,150$526,786-27.1%+$15,952
Third Quartile$520,365$693,608-25.0%$528,040$700,058-24.6%-$7,675
Unit--------------
First Quartile$222,379$306,321-27.4%$252,441$326,428-22.7%-$30,062
Median$257,225$379,904-32.3%$281,771$403,098-30.1%-$24,546
Third Quartile$285,682$473,402-39.7%$301,710$508,863-40.7%-$16,028

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Greater Perth: $473,402 Median, Greater Perth: $379,904 First Quartile, Greater Perth: $306,321 Third Quartile, Greater Perth: $693,608 Median, Greater Perth: $516,291 First Quartile, Greater Perth: $407,134 Third Quartile, City of Armadale: $285,682 Median, City of Armadale: $257,225 First Quartile, City of Armadale: $222,379 Third Quartile, City of Armadale: $520,365 Median, City of Armadale: $400,102 First Quartile, City of Armadale: $306,467
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Greater Perth: $-35,461 Median, Greater Perth: $-23,194 First Quartile, Greater Perth: $-20,107 Third Quartile, Greater Perth: $-6,450 Median, Greater Perth: $-10,495 First Quartile, Greater Perth: $-10,035 Third Quartile, City of Armadale: $-16,028 Median, City of Armadale: $-24,546 First Quartile, City of Armadale: $-30,062 Third Quartile, City of Armadale: $-7,675 Median, City of Armadale: $15,952 First Quartile, City of Armadale: $509
Source: Hometrack 2011-2016, Housing Valuation System

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